RicardoSantos

[RS]Average Advance and Decline Curved Lines V0

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1527 5
exponential curve linear regression , use falloff multiplier to control curve falloff strength.
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study("[RS]AA&DCL.V0", overlay=true)
//  ||---   Inputs: 
tempname = input("text")
risingdecaymultiplier = (syminfo.mintick*input(30.000, type=float))
fallingdecaymultiplier = (syminfo.mintick*input(30.000, type=float))
marginmultiplier = input(10)
hidefallingline = input(false)
hiderisingline = input(false)
hidetopmargin = input(false)
hidebottommargin = input(false)
//  ||---   Get the decay averages for tops and bottoms.
topdecay = high >= nz(topdecay[1]) ? high : nz(topdecay[1]) - nz(fallingdecay[1])
botdecay = n < 10 ? low : low <= nz(botdecay[1]) ? low : nz(botdecay[1]) + nz(risingdecay[1])
//  ||---   Counters for decay
falloffmultiplier = input(1.1)

fallingdecaycounter = topdecay < topdecay[1] ? nz(fallingdecaycounter[1]) * sqrt(falloffmultiplier) : falloffmultiplier
risingdecaycounter = botdecay > botdecay[1] ? nz(risingdecaycounter[1]) * sqrt(falloffmultiplier) : falloffmultiplier

fallingdecay = (fallingdecaymultiplier * fallingdecaycounter)// * avgdecaymultiplier
risingdecay = (risingdecaymultiplier * risingdecaycounter)// * avgdecaymultiplier

//topdecay2 = topdecay - fallingdecay
//botdecay2 = botdecay + risingdecay
//  ||---   Get the margin for entry
tmargin = topdecay - (fallingdecaymultiplier*marginmultiplier)
bmargin = botdecay + (risingdecaymultiplier*marginmultiplier)
//  ||---   Detect if price is in challenge zone or outside(trending/breakout)
breakoutup = close > bmargin ? true : false
breakoutdown = close < tmargin ? true : false
//  ||---   Color Switchs:
topdecaycolor = breakoutdown ? topdecay < topdecay[1] and topdecay >= high ? maroon : na : topdecay < topdecay[1] and topdecay >= high ? gray : na
botdecaycolor = breakoutup ? botdecay > botdecay[1] and botdecay <= low ? green : na : botdecay > botdecay[1] and botdecay <= low ? gray : na
//  ||---   Outputs:
plot(hidefallingline ? na : topdecay, color=topdecaycolor, style=linebr, linewidth=2, join=true)
plot(hiderisingline ? na : botdecay, color=botdecaycolor, style=linebr, linewidth=2, join=true)
//plot(topdecay+fallingdecaymultiplier, color=topdecaycolor, style=circles, linewidth=2)
//plot(botdecay-risingdecaymultiplier, color=botdecaycolor, style=circles, linewidth=2)
plot(hidetopmargin ? na : tmargin, color=topdecaycolor, style=linebr, linewidth=1, join=true)
plot(hidebottommargin ? na : bmargin, color=botdecaycolor, style=linebr, linewidth=1, join=true)
This is great! Is it possible to extend the lines similar to automatic trendlines that use circles?
Resposta
Secksy, Thanks
Resposta
Absolutely fantastic work here Ricardo. Will be studying this in detail - thankyou for sharing!
Resposta
Just have to give you kudos -- really clever programming here! Well done :D
Resposta
RicardoSantos SPYderCrusher
thx :)
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